According to Future Market Insights, the global climate credit analytics market size has reached US$ 0.12 Bn in 2018. Demand for climate credit analytics recorded Y-o-Y growth of 12.7% in 2022, and thus, the global market is expected to reach US$ 0.26 Bn in 2023. Over the projection period 2023-2033, climate credit analytics solutions sales in the region are projected to exhibit 18.4% CAGR and total a market size of US$ 1.4 Bn by 2033-end.
The climate credit analytics market refers to the industry involved in analyzing and assessing the climate-related risks and opportunities associated with financial investments.
The market growth is being driven by the application of climate credit analytics to evaluate the climate risk sectors with granular and reliable data for organizations. Rising carbon emittance factors and associated environmental changes have propelled the exploration of new innovative solutions, including climate credit analytics, to mitigate the climate risk exposure for industries to better their strategic planning.
As climate credit analytics solutions continue to advance and demonstrate their scope of evaluating the analytical data across industries, the market is expected to grow further, with new trends and use cases emerging in the future.
Other Drivers Propelling the Demand for Climate Credit Analytics include:
Challenges for Companies /Manufacturers in the Climate Credit Analytics Market:
Opportunities in the Climate Credit Analytics Industry:
Latest Trends in the Climate Credit Analytics Market:
| Attributes | Details |
|---|---|
| Climate Credit Analytics Market Size (2023) | US$ 0.26 Bn |
| Climate Credit Analytics Market Projected Size (2033) | US$ 1.4 Bn |
| Value CAGR (2023 to 2033) | 18.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
From 2018 to 2022, the global climate credit analytics market experienced a CAGR of 18.4%, reaching a market size of US$ 0.26 Bn in 2023.
From 2018 to 2022, the global climate credit analytics industry witnessed a notable growth due to the rising awareness of mitigating the impact of climate change. The need to consider environmental factors to mitigate the physical risks to the organizational property and other aspects related to climate risks, led to the rise of climate credit analytics.
These analytical data provide organization the insights, by which the major decisions are to be taken, related to their environmental and sustainability strategies, financial investments, and risk management.
Looking ahead, the global climate credit analytics industry is expected to rise at a CAGR of 18.4% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 1.4 Bn.
The climate credit analytics industry is expected to continue its growth course from 2023 to 2033, driven by increasing demand for climate risk analysis and technologies that will help industries such as manufacturing, energy and utility and transportation. The growth of the climate tech market and continuous research and development in the advancement of technology to help industries to make decisions that are more informed is expected to drive the demand for climate credit analytics during the forecast period.
The market has potential for a significant growth in the East Asia region due to the massive adoption of climate credit analytics in countries such as China and Japan. However, the uncertainty of the climate change and uninformed circumstances may hinder the growth associated with climate credit analytics.
Principal Consultant
| Country | The United States |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.17 Bn |
| CAGR % 2023 to End of Forecast (2033) | 17.9% |
The climate credit analytics in the United States is expected to reach a market share of US$ 0.17 Bn by 2033, expanding at a CAGR of 17.9%. The climate credit analytics in the United States is likely to witness notable growth due to the latest government’s proposal for climate risk management to assist investors to make better investments to improve their portfolio. Moreover, there are detailed factors expected to drive the growth for climate credit analytics in the country are:
| Country | The United Kingdom |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.16 Bn |
| CAGR % 2023 to End of Forecast (2033) | 17.7% |
The climate credit analytics industry in the United Kingdom is expected to reach a market share of US$ 0.16 Bn, expanding at a CAGR of 17.7% during the forecast period. The United Kingdom market is projected to experience growth due to United Kingdom government has been conducting climate risk stress test on various financial institutions.
The objectives of the climate risk stress test is to gain understanding and build a level of preparedness. The European Central Bank (ECB) is working on identifying the possible climate change impact on the banking sector. Resulting, these assessments and stress test are backed by climate credit analytics tools and, is likely to grow in United Kingdom and the rest of the Europe.
| Country | China |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.15 Bn |
| CAGR % 2023 to End of Forecast (2033) | 20.3% |
The climate credit analytics industry in China is anticipated to reach a market share of US$ 0.15 Bn, moving at a CAGR of 20.3% during the forecast period. The climate credit analytics industry in China is expected to grow remarkably due to its adaptions plans to reduce the factors which are adding up to the excessive carbon emissions, rising sea levels. As the country has suffered from consequences of peaking carbon dioxide emission,
China has made a successive growth in bringing down the carbon emission. China presents a significant opportunity for the exploration, development, and establishment of a comprehensive system centered on the concept of Climate Credit Analytics, catering to the specific needs of industries.
| Country | Germany |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.13 Bn |
| CAGR % 2023 to End of Forecast (2033) | 12.2% |
The climate credit analytics market in Germany is estimated to reach a market share of US$ 0.13 Bn by 2033, thriving at a CAGR of 12.2%. Germany has set ambitious climate change mitigation goals, including the target of becoming carbon-neutral in the following decade. To achieve these goals, there is a growing recognition of the need to integrate climate risk analysis and sustainability considerations into financial decision-making. Therefore, there in an expected growth of climate credit analytics market in Germany.
| Country | India |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 0.10 Bn |
| CAGR % 2023 to End of Forecast (2033) | 13.1% |
The climate credit analytics industry in India is expected to reach a market share of US$ 0.10 Bn, expanding at a CAGR of 13.1% during the forecast period. The market in India is likely to witness growth due to its pioneering targets for renewable energy adoption, aiming to increase the share of renewable energy in its overall energy mix. Climate credit analytics can help assess the financial viability and risk profile of renewable energy projects, enabling informed investment decisions.
The carbon footprint management segment is expected to dominate the climate credit analytics market with a CAGR of 18.6% from 2023 to 2033. This segment captures a significant market share in 2023 due to its prominent measuring and tracking emissions.
The driving factor for carbon footprint management is it focuses on quantifying and managing the greenhouse gas emissions associated with an organization's activities or products. It involves measuring emissions, identifying reduction opportunities, and implementing strategies to minimize environmental impact.
The emission tracking and reporting segment is expected to dominate the Climate credit analytics market with a CAGR of 20.5% from 2023 to 2033. This segment captures a significant market share in 2023 due to its significance in monitoring the harmful emissions.
Emission tracking and reporting involve monitoring and reporting greenhouse gas emissions to comply with regulatory requirements or voluntary initiatives. Climate credit analytics can play a vital role in accurately measuring and reporting emissions, ensuring transparency, and providing data-driven insights for emissions reduction strategies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The Climate Credit Analytics industry is highly competitive, with numerous players vying for market share. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Companies focus on continuous product innovation to enhance their climate credit analytics offerings. Organizations invest in research and development to develop advanced analytical tools, models, and software solutions that can provide more accurate and comprehensive assessments of climate-related risks. Innovation also involves incorporating emerging technologies such as big data analytics to improve data processing, visualization.
Collaborations and partnerships with other companies, research institutions, and industry experts are crucial for expanding the reach and capabilities of climate credit analytics. Companies form strategic alliances to access complementary expertise, data sources, or technology platforms.
Companies in the climate credit analytics sector seek opportunities in emerging markets where the demand for sustainable finance and climate risk analysis is growing. Companies establish a presence in these markets by expanding their operations, establishing local partnerships, or acquiring regional companies. This strategy allows companies to cater to the unique needs of emerging markets and capture new business opportunities.
Mergers and acquisitions (M&A) are common strategies employed by companies to strengthen their position in the climate credit analytics market. Companies may acquire or merge with other firms to gain access to new technologies, intellectual property, client bases, or market expertise.
Key Players in the Climate Credit Analytics Industry
Key Developments in the Climate Credit Analytics Market:
China, India, and Japan are the three major Asian nations in the market for climate credit analytics.
The financial sector is the main industry consuming climate credit analytics.
From 2023 to 2033, the climate credit analytics market is anticipated to expand at a CAGR of 15%, 12%, and 10% in the United States, the United Kingdom, and Germany, respectively.
The market for climate credit analytics is currently valued at US$ 0.26 billion.
The climate credit analytics industry is anticipated to reach US$ 1.4 billion by 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Pricing Analysis 4.1. Pricing Analysis, By Solution Type 4.1.1. Subscription Pricing Model 4.1.2. Perpetual Licensing 4.2. Average Pricing Analysis Benchmark 5. Global Market Demand (Value in US$ Million) Analysis 2018 to 2022 and forecast, 2023 to 2033 5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.2. Forecast Factors - Relevance & Impact 6.3. Value Chain 6.4. COVID-19 Crisis – Impact Assessment 6.4.1. Current Statistics 6.4.2. Short-Mid-Long Term Outlook 6.4.3. Likely Rebound 6.5. Market Dynamics 6.5.1. Drivers 6.5.2. Restraints 6.5.3. Opportunities 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) Analysis By Solution Type, 2018 to 2022 7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Solution Type, 2023 to 2033 7.3.1. Carbon Footprint Management 7.3.2. Emission Tracking and Reporting 7.3.3. Renewable Energy Certificates (RECs) Analytics 7.3.4. Carbon Offsetting Analytics 7.4. Market Attractiveness Analysis By Solution Type 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Industry, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2023 – 2033 8.3.1. IT& Telecommunications 8.3.2. BFSI 8.3.3. Energy and Utilities 8.3.4. Manufacturing 8.3.5. Transportation 8.3.6. Others 8.4. Market Attractiveness Analysis By Industry 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia Pacific 9.3.6. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 10.1. Introduction 10.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.3.1. By Solution Type 10.3.2. By Industry 10.3.3. By Country 10.3.3.1. U.S. 10.3.3.2. Canada 10.4. Market Attractiveness Analysis 10.4.1. By Solution Type 10.4.2. By Industry 10.4.3. By Country 10.5. Market Trends 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.3.1. By Solution Type 11.3.2. By Industry 11.3.3. By Country 11.3.3.1. Brazil 11.3.3.2. Mexico 11.3.3.3. Rest of Latin America 11.4. Market Attractiveness Analysis 11.4.1. By Solution Type 11.4.2. By Industry 11.4.3. By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.3.1. By Solution Type 12.3.2. By Industry 12.3.3. By Country 12.3.3.1. Germany 12.3.3.2. Italy 12.3.3.3. France 12.3.3.4. U.K. 12.3.3.5. Spain 12.3.3.6. BENELUX 12.3.3.7. Russia 12.3.3.8. Rest of Europe 12.4. Market Attractiveness Analysis 12.4.1. By Solution Type 12.4.2. By Industry 12.4.3. By Country 13. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.3.1. By Solution Type 13.3.2. By Industry 13.3.3. By Country 13.3.3.1. India 13.3.3.2. Indonesia 13.3.3.3. Malaysia 13.3.3.4. Singapore 13.3.3.5. Australia & New Zealand 13.3.3.6. Rest of South Asia and Pacific 13.4. Market Attractiveness Analysis 13.4.1. By Solution Type 13.4.2. By Industry 13.4.3. By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Solution Type 14.3.2. By Industry 14.3.3. By Country 14.3.3.1. China 14.3.3.2. Japan 14.3.3.3. South Korea 14.4. Market Attractiveness Analysis 14.4.1. By Solution Type 14.4.2. By Ecosystem 14.4.3. By Industry 14.4.4. By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Solution Type 15.3.2. By Industry 15.3.3. By Country 15.3.3.1. GCC Countries 15.3.3.2. Turkey 15.3.3.3. South Africa 15.3.3.4. Rest of Middle East and Africa 15.4. Market Attractiveness Analysis 15.4.1. By Solution Type 15.4.2. By Industry 15.4.3. By Country 16. Key Countries Analysis- Market 16.1. U.S. Market Analysis 16.1.1. By Solution Type 16.1.2. By Industry 16.2. Canada Market Analysis 16.2.1. By Solution Type 16.2.2. By Industry 16.3. Mexico Market Analysis 16.3.1. By Solution Type 16.3.2. By Industry 16.4. Brazil Market Analysis 16.4.1. By Solution Type 16.4.2. By Industry 16.5. Germany Market Analysis 16.5.1. By Solution Type 16.5.2. By Industry 16.6. Italy Market Analysis 16.6.1. By Solution Type 16.6.2. By Industry 16.7. France Market Analysis 16.7.1. By Solution Type 16.7.2. By Industry 16.8. U.K. Market Analysis 16.8.1. By Solution Type 16.8.2. By Industry 16.9. Spain Market Analysis 16.9.1. By Solution Type 16.9.2. By Industry 16.10. BENELUX Market Analysis 16.10.1. By Solution Type 16.10.2. By Industry 16.11. Russia Market Analysis 16.11.1. By Solution Type 16.11.2. By Industry 16.12. Rest of Europe Market Analysis 16.12.1. By Solution Type 16.12.2. By Industry 16.13. China Market Analysis 16.13.1. By Solution Type 16.13.2. By Industry 16.14. Japan Market Analysis 16.14.1. By Solution Type 16.14.2. By Industry 16.15. South Korea Market Analysis 16.15.1. By Solution Type 16.15.2. By Industry 16.16. India Market Analysis 16.16.1. By Solution Type 16.16.2. By Industry 16.17. Malaysia Market Analysis 16.17.1. By Solution Type 16.17.2. By Industry 16.18. Indonesia Market Analysis 16.18.1. By Solution Type 16.18.2. By Industry 16.19. Singapore Market Analysis 16.19.1. By Solution Type 16.19.2. By Industry 16.20. Australia and New Zealand Market Analysis 16.20.1. By Solution Type 16.20.2. By Industry 16.21. GCC Countries Market Analysis 16.21.1. By Solution Type 16.21.2. By Industry 16.22. Turkey Market Analysis 16.22.1. By Solution Type 16.22.2. By Industry 16.23. South Africa Market Analysis 16.23.1. By Solution Type 16.23.2. By Industry 16.24. Rest of Middle East and Africa Market Analysis 16.24.1. By Solution Type 16.24.2. By Industry 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Share Analysis of Top Players 17.3. Market Presence Analysis 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. S&P Global 18.3.1.1. Business Overview 18.3.1.2. Solution Type Portfolio 18.3.1.3. Profitability by Market Segments (Business Segments/Region) 18.3.1.4. Key Strategy & Developments 18.3.2. Oliver Wyman 18.3.2.1. Business Overview 18.3.2.2. Solution Type Portfolio 18.3.2.3. Profitability by Market Segments (Business Segments/Region) 18.3.2.4. Key Strategy & Developments 18.3.3. Moody's Analytics 18.3.3.1. Business Overview 18.3.3.2. Solution Type Portfolio 18.3.3.3. Profitability by Market Segments (Business Segments/Region) 18.3.3.4. Key Strategy & Developments 18.3.4. MSCI Inc. 18.3.4.1. Business Overview 18.3.4.2. Solution Type Portfolio 18.3.4.3. Profitability by Market Segments (Business Segments/Region) 18.3.4.4. Key Strategy & Developments 18.3.5. Dynamhex 18.3.5.1. Business Overview 18.3.5.2. Solution Type Portfolio 18.3.5.3. Profitability by Market Segments (Business Segments/Region) 18.3.5.4. Key Strategy & Developments 18.3.6. risQ 18.3.6.1. Business Overview 18.3.6.2. Solution Type Portfolio 18.3.6.3. Profitability by Market Segments (Business Segments/Region) 18.3.6.4. Key Strategy & Developments 18.3.7. Sylvera 18.3.7.1. Business Overview 18.3.7.2. Solution Type Portfolio 18.3.7.3. Profitability by Market Segments (Business Segments/Region) 18.3.7.4. Key Strategy & Developments 18.3.8. Ecolytiq 18.3.8.1. Business Overview 18.3.8.2. Solution Type Portfolio 18.3.8.3. Profitability by Market Segments (Business Segments/Region) 18.3.8.4. Key Strategy & Developments 18.3.9. Persefoni 18.3.9.1. Business Overview 18.3.9.2. Solution Type Portfolio 18.3.9.3. Profitability by Market Segments (Business Segments/Region) 18.3.9.4. Key Strategy & Developments 18.3.10. Project Canary 18.3.10.1. Business Overview 18.3.10.2. Solution Type Portfolio 18.3.10.3. Profitability by Market Segments (Business Segments/Region) 18.3.10.4. Key Strategy & Developments 19. Assumptions and Acronyms Used 20. Research Methodology
Explore Technology Insights
View Reports
Climate Credit Analytics Market
